ORMOND 3204
State: VICPosiProp AI Investment Summary
ORMOND (VIC 3204) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.7% and has experienced a 12-month capital growth of Down -1.6%, with a median house buy price of $1,830,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,252,500
$1,615,000
$1,920,000
$1,830,000
Suburb Market Profile
Last month Ormond had 51 properties available for rent and 46 properties for sale. Median property prices over the last year range from $1,830,000 for houses to $557,500 for units. If you are looking for an investment property, consider houses in Ormond rent out for $948 PW with an annual rental yield of 2.7% and units rent for $530 PW with a rental yield of 4.7%. Ormond has seen an annual compound growth rate of -1.6% for houses and -3.0% for units.